Original $XAU:$GOLD chart posted by Bikoo99.
Yeah, Gold broke support today, but the miners didn’t panic like they in 2012, 2013, 2014, and 2015.
In fact, the XAU:GOLD ratio hasn’t closed below .0635 for more than a year – since April 2015. ( Thanks, Bikoo ! ) The miners are holding their ground, relative to the metal, ready to rally whenever GOLD is ready to co-operate. Do the miners sense a bottom is close in this bearish bull market, or is it bullish bear market? Hmm.

EDIT: Notice the positive divergences on the oscillators Coppock Curve, RSI and MACD. Although they might be just working off oversold conditions, notice that the last set of positive divergences preceded a rally in the index. Also when (if) the Coppock Curve crosses the zero line into + territory it indicates a rally. So maybe…

From Canada, happy 241st birthday to our American friends. You look good – not a day over 240.